Innoscience 2024 Full Year Results Announcement

In 2024, Innoscience's gallium nitride product revenue continued to grow rapidly, with total sales revenue reaching 828.5 million yuan, an increase of 39.8% compared to 2023. Secondly, the company's performance in overseas markets is also very good, with overseas sales revenue reaching 126.4 million yuan, a year-on-year increase of 118.1%. In addition, the company's shipments also exceeded the cumulative total of previous years, delivering 660 million gallium nitride chips. Finally, the company's profitability has also been greatly improved, with the gross loss rate reduced from -61.6% in 2023 to -19.5%.